Last year, Black Company reported sales of $640,000,

Last year, Black Company reported sales of $640,000,

19.       Last year, Black Company reported sales of $640,000, a contribution margin of $160,000, and a net loss of $40,000. Based on this information, the break-even point was:

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A)  $640,000.

B)        $480,000.

C)   $800,000.


E)    None of the above

Use the following to answer questions 20-21:

The following is Allison Corporation’s contribution format income statement for last month:



Less variable expenses


Contribution margin


Less fixed expenses


Net income


The company has no beginning or ending inventories. The company produced and sold 10,000 units last month.

20.       What is the company’s contribution margin ratio?

A)  62.5%

B)        160.0%

C)        500%

D)        20%

21.       If sales increase by 200 units, by how much should net income increase?

A)  $16,000

B)        $5,000


D)  $10,000

E)    None of the above

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